Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0907%/8h= +99.3% APRnext payment +$1.13 per $10,000 · paid last 24h −0.013%
Price spread now: dYdX against Kraken Futures−0.075%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
Long on Kraken FuturesShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.075%, 7d avg −0.046%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.046%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.061% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_UNIUSD8.8930−0.0306get 0.0038% / 1h38m 57s$4.7M$8.6M50x
ShortdYdX UNI-USD8.88630.0602get 0.0075% / 1h38m 57s$234K$30K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$190.52
Price spread: −0.075% → −0.046%
−$2.85
Slippage, 4 orders
−$95.19
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$72.49
Costs to cover
1.152%
Break-even
4.3 days
Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 5 min ago2.81 bp14.0 bp −$1416.8 bp −$16842.4 bp −$4,242doesn't fit
Sell dYdX live order book, 65 min ago38.42 bp44.5 bp −$45116.4 bp −$1,164197.9 bp −$19.8K424.0 bp −$212.0K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSDlong−0.0306%1h8.8930long leg$4.7M$8.6M50x
01 Exchange UNIUSD−0.0024%1h8.8869−0.068%$443$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8877−0.059%$49K—150xas long as short
Nado UNI-PERP+0.0025%1h8.8875−0.062%$731K$4.7M10xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.708%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0057%1h8.8939+0.010%$586K$250K50xas long as short
Polymarket Perps UNI-USD+0.0073%1h8.8906−0.027%$106K$616K10xas long as short
Lighter UNI+0.0096%1h8.9007+0.087%$4.5M$5.5M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8814−0.130%$25K—20xas long as short
Hyperliquid UNI+0.0100%1h8.8963+0.038%$94.6M$67.5M10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster UNIUSDT+0.0100%8h8.8919−0.012%$728K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8890−0.045%$287K$600K10xas long as short
Binance UNIUSDT+0.0100%8h8.8900−0.033%$214.9M$657.2M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8860−0.078%$98.5M$111.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8880−0.056%$54.3M$264.9M50xas long as short
Arcus UNI-USD+0.0100%1h8.8950+0.023%$317K$701K10xas long as short
Gate UNI_USDT+0.0100%8h8.8850−0.090%$25.5M$65.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8860−0.078%$48.4M$26.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8880−0.056%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8820−0.123%$32.5M$45.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.8870−0.067%—$57.0M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8919−0.012%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.9018+0.099%$4.1M$4.3M—as long as short
edgeX UNIUSDC+0.0100%4h8.9058+0.145%$169K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9001+0.080%$617K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9110+0.203%$90K$711K50xas long as short
StandX UNI-USD+0.0100%1h8.9100+0.191%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8880−0.056%$16K$2.1M10xas long as short
SunX UNI-USDT+0.0100%8h8.8878−0.058%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8876−0.060%$32K$889K10xas long as short
HTX UNI-USDT+0.0100%8h8.9037+0.121%$700K$4.8M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8880−0.056%$26.8M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8806−0.139%$288K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8851−0.088%$32K—3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8950+0.023%$926K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8900−0.033%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0380%1h8.8892−0.043%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8907−0.026%$633K—120xas long as short
Aftermath Perps UNIUSD+0.0428%1h8.9034+0.118%$985$53K10xas long as short
dYdX UNI-USDshort+0.0602%1h8.8863−0.075%$234K$30K10x